Croatia's govt hikes minimum wage by 5%

ZAGREB (Croatia), December 7 (SeeNews) - Croatia's government said on Thursday it has decided to increase the minimum wage in the country by 5%, or by a gross 163 kuna ($25.5/21.6 euro), in 2018.

The minimum wage will amount to a gross 3,439 kuna next year, or 42.9% of the country's average wage, labour minister Marko Pavic said during a cabinet session streamed on the website of the government.

The government has also proposed to cut by 50% the minimum rate for contributions for employers who have paid minimum wages over the past 12 months. This measure is meant to compensate employers for the increase in the minimum wage.

The government last hiked the gross minimum monthly wage by 5% to a gross 3,276 kuna as of 2017.